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SGT Markets Broker: An In-Depth Analysis of its Services and Offerings

SGT Markets Review

In today’s busy financial domain, finding the right broker is crucial for traders. This is especially true for those seeking success in the global markets. In this SGT Markets review, we dive into the operations of this offshore broker to give you valuable insights. 

We will explore essential aspects such as its legitimacy, trading assets, platforms, and trading environment. By the end of this article, you will have the knowledge to decide whether SGT Markets is the right fit for you. Moreover, we will highlight the drawbacks of offshore licenses.

General information
Name: Sterling Gent Trading Ltd
Regulation status: BVI FSC
Warnings from Financial Regulators: ASF
Website link:
Active since: 2022
Registered in: British Virgin Islands
Contact info: + (44) 800 298 7925
Trading platforms: MT5 and MT4
Majority of clients are from: India 


the United Kingdom 

the United States 


Customer support: 24/6, contact form and phone 
Compensation fund: No

SGT Markets Regulation: Navigating the Regulatory Landscape

Now let’s get into the SGT Markets regulation data. SGT Markets is an offshore Forex and CFD broker, owned by Sterling Gent Trading Ltd. It has its headquarters in the British Virgin Islands. The company operates under the regulatory oversight of the Financial Services Commission (FSC) of the BVI. FSC falls under a Tier 3 zone with relatively lenient requirements compared to Tier 1 authorities like FCA, ASIC, and BaFin. Also, it does come with some drawbacks.

One critical aspect to consider when trading with offshore-based firms like SGT Markets is leverage. Leverage can amplify both profits and losses, and it’s essential to strike a balance. The European Securities and Markets Authority (ESMA) has set leverage limits at 1:30. Also, a similar restriction applies in Australia. However, SGT Markets offers starting leverage of 1:100, with the maximum leverage unspecified.

Furthermore, in June 2021, the Romanian financial authority, ASF, issued a warning against SGT Markets, stating that the broker has no permission to offer financial services in Romania. This warning implies that SGT Markets lacks authorization to operate anywhere in the European Economic Area (EEA).

Trading Assets Available: Diversified Opportunities

SGT Markets offers a range of tradable assets, providing traders with diversified opportunities. Some of the assets available include:

  • Currency pairs: EUR/USD, NOK/SEK, AUD/CAD
  • Commodities: gold, silver, gas
  • Indices: AU200, DAX30, FTSE100
  • Shares: Amazon, BMW, BOA
  • Cryptocurrency: BTC, BCH, USDT.

Fact: What about the SGT Markets taxes? The Introducer agrees to repay SGT for any and all taxes, assessments, and charges levied upon SGT or its affiliates. 

SGT Markets Trading Platforms

SGT Markets MT5 and MT4

SGT Markets impresses with its offering of two quite popular trading platforms, MT4 and MT5. The MetaTrader 4 (MT4), released in 2005, provides an array of tech and analytical tools and supports features like Expert Advisors (EAs) and social trading. On the other hand, MetaTrader 5 (MT5), released in 2009, is an upgraded version with enhanced speed, more tools, and superb navigation. MT5 is the preferred platform among many retail traders.

MetaTrader platforms have earned their reputation as some of the best in the trading industry and for good reason. These platforms, notably MetaTrader 4 (MT4) and MetaTrader 5 (MT5), have become favorites among traders worldwide due to their unique features.

MetaTrader platforms have a UI-friendly interface, making them accessible to almost anyone. The intuitive design allows users to navigate the system effortlessly and execute trades easily. Moreover, mobile versions of MetaTrader platforms allow traders to stay connected to markets on the go. Mobile apps enable users to monitor trades, receive real-time market updates, and execute orders from smartphones or tablets.

Similarly, MetaTrader platforms have a vast community of traders who contribute to an extensive library of indicators, EAs, and scripts. This rich ecosystem enables traders to access a full range of tools and resources to boost their trading strategies. Security is a top priority for MetaTrader platforms, as they utilize advanced encryption and secure data transmission protocols. 

General Trading Environment: A Full Overview

SGT Markets accounts have spreads and commissions that play a crucial role in your trading experience. Depending on the type of account you choose, you can enjoy a competitive spread ranging from 1.0 to 0.0 pips. This makes your trades more cost-effective. 

The Basic account offers 6 BPs per side commission for crypto trading. And other accounts have commission fees ranging from $5 to $6 per lot for FX and metals or $12 to $30 per million. These fees may vary based on the volume of your trades. Understanding these fees will help you make smart choices and optimize your trading strategy for success.

Account Types and Perks

SGT Markets offers various account tiers, each with its unique perks. The individual accounts available are:

  • Basic – $100
  • Active – $1,000
  • Digital – $5,000
  • Digital Pro – $10,000

The minimum deposit amount has increased over the years, indicating inflationary effects even in the trading business. The professional accounts available are:

  • Pro Trader – $50,000
  • API – $5,000

The Pro Trader account comes with a dedicated client support manager and daily reporting. Besides, SGT Markets offers institutional accounts for corporate, fund managers, and portfolio managers. Each offers specific advantages to registered legal entities.

Demo Accounts: Test the Waters Before Diving In

SGT Markets demo account overview

Before committing funds, traders have the option to choose the SGT Markets demo account. Users get a 30-day free trial to test various FX and CFD trading strategies. 

The demo account is available through MT4 as a Basic or Active account, simulating the perks of a Live account with the same name. Traders receive $100,000 in virtual funds, regardless of their choice, to explore the broker’s offerings.

Note: Beware of fake brokers like FXElite and steer clear of them. Dealing with deceitful brokers can lead to significant financial losses and harm your trading experience.

The Broker’s Reach

SGT Markets claims to have existed since 2006, but domain records suggest otherwise. The domains and were registered in April 2013 and 2021, respectively. The broker obtained its license from FSC BVI on October 28th, 2022.

According to our research, this broker mainly onboards clients from India, the US, the UK, and Japan. This aligns with SimilarWeb traffic analysis, which indicates a significant number of visits from India.

Note: Fuelta is an unregulated broker, as several sources confirm it. Their lack of regulation is truly worrying for potential clients. Being aware of a broker’s regulatory status is essential to protecting your interests as a trader.

SGT Markets Payout and More

SGT Markets offers a simple and straightforward process for withdrawal. It offers flexibility and convenience through multiple payment methods. You can choose from credit/debit cards, wire transfers, or e-wallets to process your withdrawal requests. The most impressive part is that there is no minimum withdrawal amount. However, do keep in mind that the maximum withdrawal is capped at $20,000.

It’s essential to note that SGT Markets exclusively supports Mastercard for withdrawals. This means Visa card users will need to opt for a bank transfer instead. While the website promises a swift processing time of 72 hours for withdrawal requests, the actual receipt of funds may take up to 14 business days. This duration might seem relatively long to some traders. 

So, it’s worth considering this aspect when planning your financial transactions. Nonetheless, the availability of various payment options ensures that you have choices tailored to your preferences. 

Trader Reviews: The Curious Case of Zero Trustpilot Reviews

One intriguing aspect to note is the lack of Trustpilot reviews for SGT Markets. In the financial industry, customer reviews play a pivotal role in building trust and credibility. 

The absence of reviews on Trustpilot raises eyebrows, as it’s a common platform for clients to share their experiences. While it’s possible that the broker has a limited client base, the lack of reviews could be viewed as a red flag. Traders should exercise caution and conduct thorough research before making a decision.

Long Story Short – SGT Markets

SGT Markets presents traders with a broad range of tradable assets, accessible through popular platforms MT4 and MT5. However, the broker’s regulatory standing in a Tier 3 zone and the absence of Trustpilot reviews raise some concerns. 

As a trader, it’s crucial to weigh the advantages of diverse assets and high leverage against potential risks associated with offshore brokers. Always conduct due diligence, consider your risk tolerance, and stay informed about risky brokers like FxAlta. 


Should I Invest in SGT Markets?

Consider SGT Markets' regulatory status, diverse assets, and offshore nature.

Does SGT Markets Offer a Demo Account?

Yes, SGT Markets provides a 30-day free trial demo account to test FX and CFD trading strategies.

Can I withdraw my funds from SGT Markets?

Yes, SGT Markets allows withdrawals through various methods, with a maximum cap of $20,000.

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